Why is G G Engineering falling/rising?

As of 05-Sep, G G Engineering Ltd's stock price is currently at 0.61, reflecting an increase of 0.01 or 1.67%. The stock has shown strong performance in the short term, with a 10.91% gain over the past week and a 7.02% increase over the past month, significantly outperforming the Sensex, which has only risen by 1.13% in the same week. Today's trading activity indicates rising investor participation, with delivery volume increasing by 19.26% compared to the five-day average. Despite a substantial decline of 69.04% over the past year, the company's profits have surged by 160%, contributing to a very attractive valuation with a low price-to-book ratio of 0.4. However, the stock's long-term fundamentals are weak, indicated by an average return on equity of 4.10% and a significant portion of profit coming from non-operating income.
In the broader market context, G G Engineering's recent performance contrasts sharply with the benchmark, as it has outperformed the Sensex in the short term while still facing a steep decline over the longer term. The stock's year-to-date performance shows a drop of 65.34%, while the Sensex has gained 3.29%. This disparity highlights the challenges the company faces despite its recent positive movements. The stock's liquidity is adequate for trading, but the weak long-term fundamentals and flat results in recent quarters suggest caution for potential investors.